Comments on: Missing The Point Entirely http://www.theamericanconservative.com/larison/2009/03/13/missing-the-point-entirely/?utm_source=rss&utm_medium=rss&utm_campaign=missing-the-point-entirely n. the principle of good order<br /><br /> "Observe the strange inversion of all order and sense! Dignity debased; how vilely is the function of a consul prostituted!" ~The Craftsman Fri, 10 Feb 2012 02:25:26 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Sean S. http://www.theamericanconservative.com/larison/2009/03/13/missing-the-point-entirely/comment-page-1/#comment-30800 Sean S. Sat, 14 Mar 2009 00:15:40 +0000 http://www.amconmag.com/larison/?p=8813#comment-30800 The economic melt-down is one of the few reasons I wanted Mitt Romney to actually make it all the way; then he would have been forced to explain how he made all of his money. We can argue the merit's of McCain's marrying into wealth, but there is no argument, at the very least, that AB actually sells a product (or rather Cindy McCain's family distributes it). But Romney's Bain Capital (an ironic name if there ever was one) is the perfect example of hedge fund duplicity. I remember it buying American Standard (the toilet people) shutting down the plant and shipping it off to China. I was wondering how exactly Mitten's would have responded to that if he had made it that far. The economic melt-down is one of the few reasons I wanted Mitt Romney to actually make it all the way; then he would have been forced to explain how he made all of his money. We can argue the merit’s of McCain’s marrying into wealth, but there is no argument, at the very least, that AB actually sells a product (or rather Cindy McCain’s family distributes it).

But Romney’s Bain Capital (an ironic name if there ever was one) is the perfect example of hedge fund duplicity. I remember it buying American Standard (the toilet people) shutting down the plant and shipping it off to China. I was wondering how exactly Mitten’s would have responded to that if he had made it that far.

]]> By: DarrenG http://www.theamericanconservative.com/larison/2009/03/13/missing-the-point-entirely/comment-page-1/#comment-30796 DarrenG Fri, 13 Mar 2009 23:31:17 +0000 http://www.amconmag.com/larison/?p=8813#comment-30796 @rawshark: Exactly. Stewart's line of criticism was about CNBC playing the role of uncritical stenographer and cheerleader for CEOs and traders instead of anything that might be called journalism. It had nothing whatsoever to do with the wisdom of individual investment choices. Greenwald gets it right: http://www.salon.com/opinion/greenwald/2009/03/13/cramer/ @rawshark: Exactly.

Stewart’s line of criticism was about CNBC playing the role of uncritical stenographer and cheerleader for CEOs and traders instead of anything that might be called journalism. It had nothing whatsoever to do with the wisdom of individual investment choices.

Greenwald gets it right: http://www.salon.com/opinion/greenwald/2009/03/13/cramer/

]]> By: rawshark http://www.theamericanconservative.com/larison/2009/03/13/missing-the-point-entirely/comment-page-1/#comment-30789 rawshark Fri, 13 Mar 2009 22:35:22 +0000 http://www.amconmag.com/larison/?p=8813#comment-30789 Two markets also in that there's the one we know about, stocks and bonds and such. We're told to put our money there so we do, we save in 401Ks and our pensions are invested there. But there is another market where that money is used to make more money for a small group with inside knowledge and the cash to play the game. We are funding this venture as he says. This risk isn't made known to us. No one asked us if we want our money gambled this way. We're pawns. With this going on and laws getting changed to make it easier for banks to get involved and harder for us to see it CNBC is the place we should be able to go to learn about these things. How they work and what dangers might lurk there. Instead CNBC is encouraging us to give more money to the players. CNBC is leading fish to sharks instead of alerting the fish that there are sharks in the water. And then they bame the fish. They say people should have done more to ensure things were on the up and up but isn't CNBC one of the places we should go to do that research? Isn't that why someone like Cramer is on? Two markets also in that there’s the one we know about, stocks and bonds and such. We’re told to put our money there so we do, we save in 401Ks and our pensions are invested there. But there is another market where that money is used to make more money for a small group with inside knowledge and the cash to play the game. We are funding this venture as he says. This risk isn’t made known to us. No one asked us if we want our money gambled this way. We’re pawns. With this going on and laws getting changed to make it easier for banks to get involved and harder for us to see it CNBC is the place we should be able to go to learn about these things. How they work and what dangers might lurk there. Instead CNBC is encouraging us to give more money to the players. CNBC is leading fish to sharks instead of alerting the fish that there are sharks in the water. And then they bame the fish. They say people should have done more to ensure things were on the up and up but isn’t CNBC one of the places we should go to do that research? Isn’t that why someone like Cramer is on?

]]> By: Balloon Juice » Blog Archive » Extending a Hand to Daniel Larison http://www.theamericanconservative.com/larison/2009/03/13/missing-the-point-entirely/comment-page-1/#comment-30785 Balloon Juice » Blog Archive » Extending a Hand to Daniel Larison Fri, 13 Mar 2009 22:01:44 +0000 http://www.amconmag.com/larison/?p=8813#comment-30785 [...] Larison reads the latest nonsense from James Pethokoukis, and remarks: [...] [...] Larison reads the latest nonsense from James Pethokoukis, and remarks: [...]

]]> By: whetstone http://www.theamericanconservative.com/larison/2009/03/13/missing-the-point-entirely/comment-page-1/#comment-30780 whetstone Fri, 13 Mar 2009 20:31:51 +0000 http://www.amconmag.com/larison/?p=8813#comment-30780 There's a CNBC interview with Nouriel Roubini and Nassim Taleb that makes the point Stewart was trying to make much better, I think. About three minutes in the total insanity of the mindset you describe kicks in. The hosts come *this close* to just being openly hostile. It's pretty terrifying: <a href="http://www.cnbc.com/id/15840232?video=1027496846" rel="nofollow">http://www.cnbc.com/id/15840232?video=1027496846</a> There’s a CNBC interview with Nouriel Roubini and Nassim Taleb that makes the point Stewart was trying to make much better, I think. About three minutes in the total insanity of the mindset you describe kicks in. The hosts come *this close* to just being openly hostile.

It’s pretty terrifying: http://www.cnbc.com/id/15840232?video=1027496846

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